Axiall Holdco, Inc. -- Moody's assigns a Ba1 rating to Axiall's new $250 million Senior Secured Term Loan

New York, February 19, 2015 -- Moody's Investors Service has today assigned a Ba1 rating to Axiall Corporation's (Axiall's) proposed $250 million senior secured bank credit facility, or Term Loan B, due 2022. Axiall has stated that proceeds from the new term loan will be used to refinance the existing senior secured bank credit facility currently due in 2017. The existing term loan was issued by Eagle Spinco Inc., a wholly owned Axiall subsidiary. Axiall Holdco, Inc., also a wholly owned subsidiary of Axiall, will be the issuer of the new senior secured bank credit facility. In addition to fully repaying the existing term loan, Axiall has stated that the proceeds from the new term loan will also be used to pay transaction fees and expenses, and for general corporate purposes. The company's rating outlook continues to be stable.

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